
About Bankrate Score
At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here's an explanation for .
About Bankrate Score
Brick-and-mortar option
Same-day approval
Low APRs
Undisclosed eligibility requirements
Limited availability
Average maximum amount
Aside from its minimum credit score requirement of 660, TD Bank doesn't disclose many of its eligibility criteria. However, most lenders and banks generally favor borrowers with a low debt-to-income (DTI) ratio, high credit score and steady income.
TD Bank doesn't allow its personal loans to be used for business or education-related expenses.
Here's what we like about TD Bank and what the financial institution is lacking.
You can apply for an unsecured loan on the bank’s website. TD Bank claims that consumers can get initial approval in as little as a minute and have their funds as soon as the next business day.
To complete the loan application, you’ll need basic personal information and the following additional information:
Overall Score | 4.6 | Explanation |
---|---|---|
Availability | 4.4 | Quick, same-day approval and funding in as little as one business day. |
Affordability | 4.7 | Very few fees charged overall and low 8.99 percent APR. |
Customer Experience | 5.0 | 24/7 customer support, highly rated mobile apps and online access and application. |
Transparency | 4.2 | Not all credit requirements are listed, but it does offer prequalification. |
To select the top personal loan lenders, Bankrate considers 20 factors. These factors include credit requirements, APR ranges, fees, loan amounts and flexibility to account for a wide range of credit profiles and budgets. Bankrate reviewed over 30 lenders and gave each a Bankrate rating, which consists of four categories:
Editorial disclosure: All reviews are prepared by Bankrate.com staff. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including rates and fees, presented in the review is accurate as of the date of the review. Check the data at the top of this page and the lender’s website for the most current information.